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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST
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To: JDN who wrote (1420)4/14/1998 11:30:00 AM
From: LANDRUSH  Read Replies (3) of 2761
 
JDN,

The blood bath(correction) appears to be over. Heavy selling(atleast 25 trades of 3000 shares at the bid) has stopped. High close of 56, now down to 50, a nice 11% correction. Now if our seller doesn't come out with a downgrade we should be in good shape for the next two weeks worth of splits and earnings. If a downgrade does occur it most likely would be no lower than hold, but I don't think it's likely. Anyway we should begin to move slowly back to 60 just before the split JMO

LANDRUSH
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